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The world is constantly changing. When we proved that Capitalism is the best system, it is getting rotten with issues. We are slowly moving to... Purpose of this blog is to archive the articles that highlight how capitalism is changing. Secondary purpose is to connect with like minded people. If you like what I like, you are welcome to follow the blog and also share your thoughts.
Tuesday, October 20, 2009
Tax On Financial Transactions
This week, the left-leaning Economic Policy Institute floated the idea of a national transaction tax that would raise $100 billion to $150 billion a year. The tax, at a rate of 0.1% to 0.25% of the value of the trade, would be levied on all financial transactions such as stock trades, but not on consumer transactions such as with credit cards.
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